The recent decision to appoint Mostakur Rahman as the governor of the central bank, Bangladesh Bank, has ignited a major controversy in the country. Opposition leader Shafiqur Rahman of Jamaat-e-Islami criticized the government led by Tarique Rahman, labeling this appointment as the 'formal beginning of government-supported mob culture.' The sudden termination of the previous governor, Ehsan Habib Mansoor, has also raised questions, as he claimed that he was neither resigned nor formally removed but learned about his dismissal from the media.

This appointment deviates from Bangladesh's traditional practice, where positions of this nature have typically been filled by seasoned central bankers, economists, or senior bureaucrats. Mostakur, who has extensive connections in the country's lucrative garment sector, lacks formal banking experience and has been associated with a history of loan defaults. Critics are concerned about the implications of such a choice for financial governance and stability in Bangladesh's banking sector.

The broader concerns raised by this appointment underscore the tensions within Bangladesh's political landscape, as it may indicate deeper issues regarding the government's approach to prioritizing business ties over economic expertise. This situation could potentially undermine public trust in the central bank, which is crucial for maintaining economic stability and investor confidence in a rapidly developing economy like Bangladesh's.